---
schema_version: "secwatch.filing_event.v1"
accession: "0000746210-23-000066"
form_type: "8-K"
ticker: "TWAV"
cik: "0000746210"
company_name: "TaoWeave, Inc."
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:57:07.393896+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Oblong exchanges 406,776 common shares for pre-funded warrants with Foundry Group affiliates

## Summary
- Exchanged 406,776 shares of common stock for pre-funded warrants with $0.0001 exercise price.
- Post-exchange, Foundry Group holds 115,859 shares plus warrants, representing ~4.99% of outstanding.
- Warrants include 4.99% beneficial ownership limitation, can be increased to 19.99% upon 61 days' notice.
- Transaction structured under Section 3(a)(9) of Securities Act, no commissions paid.

## SEC filing metadata
- accession: 0000746210-23-000066
- form_type: 8-K
- ticker: TWAV
- cik: 0000746210
- company_name: TaoWeave, Inc.
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746210/000074621023000066/0000746210-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746210/000074621023000066/glow-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746210-23-000066
- JSON: https://secwatch.observer/filing/0000746210-23-000066.json
- Plain text: https://secwatch.observer/filing/0000746210-23-000066.txt

## Key facts
- Material Agreements
  TaoWeave, Inc. entered into Exchange Agreement with entities affiliated with Foundry Group valued at Exchange of 406,776 shares of common stock for pre-funded warrants to purchase 406,776 shares of com (effective 2023-06-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: entities affiliated with Foundry Group
  - Value: Exchange of 406,776 shares of common stock for pre-funded warrants to purchase 406,776 shares of com
  - Effective: 2023-06-30
  source text: On June 30, 2023, Oblong, Inc. (the “Company”) entered into an exchange agreement (the “Exchange Agreement”) with entities affiliated with Foundry Group (the “Exchanging Stockholders”), pursuant to which the Company exchanged an aggregate of 406,776 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), owned by the Exchanging Stockholders for pre-funded warrants (the “Exchange Warrants”) to purchase an aggregate of 406,776 shares of Common Stock (subject to adjustment in the event of stock splits, recapitalizations and other similar events affecting Common Stock), with an exercise price of $0.0001 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746210/000074621023000066/0000746210-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.